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help with this please $166.540 18.400 (50,000 (25,300 032.350) 41.100 (12470) $124.00 Net Income Adjustments to reconcil net income to the flow from operating activities
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$166.540 18.400 (50,000 (25,300 032.350) 41.100 (12470) $124.00 Net Income Adjustments to reconcil net income to the flow from operating activities Depreciation Gain on sale of investments Changes in current operating assets and liabilities Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flow from used for) financing activities Cash received from sale of common stock Cash pald for dividends Net cash flow from financing activities $200,000 (320,000) (352.000 (190.000) $187.500 09.2001 05:00 323.130 Net increase in cash Canh balance, January 1, 2018 Cash balance, December 31, 2018 585,920 3603, Balance Sheet Using the information on abowe, complete the following comparative balance sheet. Championship laxing, Inc Comparative Balance Sheet December 31, 2018 2017 YOYO 2017 Assets Cash $585,970 Accounts receivable (net 230.950 Inventories Investments 140.00 111.0:0 Land Equipment Accumulated depredation equipment 705.200 (166,400) Total assets Land 705,200 Equipment Accumulated depreciation equipment Total assets (166,400) $391,800 Liabilities Accounts payable (merchandise creditor) Accrued expenses payable (operating expenses) Dividends payable 41,150 19,200 Total liabilities $49,050 Stockholders' Equity Common stock: $4 par $100,000 280,000 Paid in capital in excess of par Retained earning Total stockholders' equity $1,858,520 Total liabilities and stockholders equity $166.540 18.400 (50,000 (25,300 032.350) 41.100 (12470) $124.00 Net Income Adjustments to reconcil net income to the flow from operating activities Depreciation Gain on sale of investments Changes in current operating assets and liabilities Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flow from used for) financing activities Cash received from sale of common stock Cash pald for dividends Net cash flow from financing activities $200,000 (320,000) (352.000 (190.000) $187.500 09.2001 05:00 323.130 Net increase in cash Canh balance, January 1, 2018 Cash balance, December 31, 2018 585,920 3603, Balance Sheet Using the information on abowe, complete the following comparative balance sheet. Championship laxing, Inc Comparative Balance Sheet December 31, 2018 2017 YOYO 2017 Assets Cash $585,970 Accounts receivable (net 230.950 Inventories Investments 140.00 111.0:0 Land Equipment Accumulated depredation equipment 705.200 (166,400) Total assets Land 705,200 Equipment Accumulated depreciation equipment Total assets (166,400) $391,800 Liabilities Accounts payable (merchandise creditor) Accrued expenses payable (operating expenses) Dividends payable 41,150 19,200 Total liabilities $49,050 Stockholders' Equity Common stock: $4 par $100,000 280,000 Paid in capital in excess of par Retained earning Total stockholders' equity $1,858,520 Total liabilities and stockholders equity Step by Step Solution
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